TenX Crypto Debit Card Company’s President Julian Hosp Steps Down, Departs with Video to Community

TenX president and co-founder Julian Hosp announced that it is stepping down from the company.

TenX is a crypto debit card company that had a successful Initial Coin offering (ICO) in 2017 and raised around $80 million in digital assets. The information was released by Julian Hosp in a YouTube video on January 8.

He said that the decision to leave the company was one of the hardest in his life. At the same time, he wished the team working at TenX all the best luck for the future.

The company TenX has also released an announcement on its official Twitter account. There they inform that Toby Hoenisch will be driving the business forward solely.

The announcement released by the company reads as follows:

“We have received a tremendous amount of shareholder value and support from you all under Julian’s leadership and want to thank him for paving the way towards further success for TenX in the years to come.”

TenX struggled to keep functioning since Visa announced that it was suspending its card issuer WaveCrest, back in January 2018. And indeed, since that moment, the company is not able to release the cards that they were developing.

It is important to mention that just a few months ago, Hosp was linked to an alleged pyramid scheme company known as Lyoness. His affiliation with Lyoness was confirmed by the official TenX account on Reddit. Apparently, he was a member of the company between 2011 until 2015.

Hosp explained that he will take a few weeks off in order to move forward in the future. He did not give any more information about why he took this decision and what he will be doing in the future.

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